An interchangeable colored bicycle has a bicycle framework with a main bicycle frame component part, a handlebar stem component part, and a wheel fork component part. Clear transparent tube members enclose and circumscribe these component parts. Free-flowing, colored liquids fill the interior spaces between the tube members and the component parts. The colored liquids in each interior space are different, thus allowing the bicycle to assume multiple colors. The free-flowing liquids can be drained from the tube members and different colored liquids can be poured into the interior spaces to change the colors of the bicycle.